Filing for bankruptcy is an option, StreamLogic said today after reporting it would post losses of $20.8 million for its fourth quarter and $16.1 million for year's end. It is also likely that the company's common stock will be removed from listing on Nasdaq. That comment sent stockholders fleeing: The stock lost about 82 percent of its value in early trading from yesterday's close of 11/32.
Be respectful, keep it clean and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.